Founded in 2013, OKCoin is a world digital asset trading platform. OKCoin currently provides fiat trading with major digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. OKCoin has recently expanded to the United States and is looking to serve more users around the world in the future.
OKCoin has a reported 24h volume of $82 394 616 with an Estimated Real Volume of $82 358 527 It is a Centralized Exchange
that offers 11 currencies and has a 75.11% Confidence Score based on our Algorithms.
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).
*** Volume Excluded - no fresh data from exchange API
Confidence score is our new formula, which is evaluating exchanges, on three principal matters:
Liquidity (75% weight)
Web Traffic (20% weight)
Regulations (5% weight)
Each of these have appropriate weights, which are calculated into proper score.
Liquidity to Volume ratio (CO/Vol based) on this market is good, and volume seems to be accurately represented.
Liquidity to Volume ratio (CO/Vol based) on this market is average, reported volume by exchange can be higher, than it is in reality.
Liquidity to Volume ratio (CO/Vol based) on this market is bad, there is high probability that volume is inflated (e.g. wash-trading), or market isn't liquid enough (low volume exchange).
There is no data, available regarding this market.